ASX Morning call 17th July, page-34

XJO has been 0.1 for sometime now. I guess if you have a 1 pip feed and can see imaginary liquidity gaps from the broker quote and have a netting strategy that keeps you in the market and it makes money trade it. I have a bunch of automated strategies that do some crazy stuff that I thought up and tested and make money. They work because they are consistent, stick to the plan and manage risk. If you don't believe in market function, have no idea how fund managers trade then trade what you know and works.